Enphase Energy shares are trading lower after RBC Capital downgraded the stock from Outperform to Sector Perform and lowered its price target from $125 to $100.
Portfolio Pulse from Benzinga Newsdesk
Enphase Energy's stock is trading lower following a downgrade by RBC Capital from Outperform to Sector Perform, with a reduced price target from $125 to $100.
October 15, 2024 | 5:13 pm
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Enphase Energy's stock is experiencing a decline due to RBC Capital's downgrade from Outperform to Sector Perform, along with a reduced price target from $125 to $100.
The downgrade by RBC Capital is a significant factor affecting Enphase Energy's stock price. The change from Outperform to Sector Perform suggests a less optimistic outlook, and the lowered price target indicates reduced expectations for future stock performance. Such analyst actions typically lead to a negative short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100